Oil prices slide again on Kurdish-Iraqi agreement but some energy producers climb

Oil prices slide again on Kurdish-Iraqi agreement but some energy producers climb

News that Kurdish authorities had reached an agreement with the Iraqi government to ship 300,000 barrels of oil a day—adding to global oversupply—overwhelmed a slight early uptick on a Reuters story reporting that the Saudis were willing to cut production if other members of OPEC were. Oddly enough, the drop in oil prices didn’t cause an across the board retreat in the price of energy stocks.

Oil prices slide again on Kurdish-Iraqi agreement but some energy producers climb

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